Uncovering Opportunities, Protecting Profits: Electric Advisors' Success Story with a Washington, D.C. Restaurant Group

June 22, 2023

How Electric Advisors saved one DC area business over half a million dollars

Person holding and counting US dollar bills.


Electric Advisors partnered with a Washington, D.C. restaurant group in September 2022, offering a customized energy strategy for their nine restaurants. Market conditions suggested focusing on natural gas pricing and delaying the search for electricity by 6-8 months. Based on Electric Advisors' work, the client signed a natural gas contract at a rate 31% below the market rate, resulting in $72,500 in annual savings across their portfolio. 


During a utility bill audit for the same client, Electric Advisors discovered a fraudulent supply contract for some of the client’s units, promptly assisting the client in rectifying the situation and obtaining an $80,000 refund. Over the 3-year contract, the total estimated savings for the group amounts to $280,214. 


Ahead of a 66% price increase by Pepco, Electric Advisors revisited the electricity pricing for the client's Washington, D.C. locations. The resulting contracts were 35% lower than the utility's upcoming rates, projected to save the client $167,740 in the first year alone. 

Considering current utility pricing, the overall estimated savings for the client on natural gas and electricity costs throughout their contracts are expected to exceed $527,000. Electric Advisors also provided guidance on utilizing local utility tax laws, leading to an additional annual saving of about $10,000. In total, the estimated savings facilitated by Electric Advisors amount to approximately $575,420 by the end of the 3-year contract terms. 


Aerial view of Baltimore's Inner Harbor with buildings, boats, and a wide body of water reflecting the cityscape.
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